This video discusses the ways that economic tools can be used to help us achieve our environmental goals.
Topics discussed include cap and trade policies, subsidies, incentives, interventions, and regulations.
Teaching Tips
Positives
This helps students understand the complexity behind finding global solutions to climate change.
It focuses on using basic economic principles to help preserve the environment.
Additional Prerequisites
Economic terms and concepts in the video include the tragedy of the commons, negative externality, market failure, and cap-and-trade.
Differentiation
Teachers could use this video as a basis for students to present or debate different economic solutions to climate change.
As the video states, many different approaches will be required to solve this global issue. Consider having students develop an economic solution presented in the video that incorporates conservation solutions and individual actions as well.
Scientist Notes
This resource provides in detail economic policies that can help government achieve net-zero carbon by 2050. It is insightful and recommended for teaching.
Standards
College, Career, and Civic Life (C3) Standards
Dimension 2: Economics
D2.Eco.1.6-8 Explain how economic decisions affect the well-being of individuals, businesses, and society.
D2.Eco.1.9-12 Analyze how incentives influence choices that may result in policies with a range of costs and benefits for different groups.
Next Generation Science Standards (NGSS)
ESS3: Earth and Human Activity
HS-ESS3-4 Evaluate or refine a technological solution that reduces impacts of human activities on natural systems.
